Welcome To Centic — An All-in-one Blockchain Ranking And Scoring System
Centic is an all-in-one platform for ranking and scoring entire blockchain entities. By providing a comprehensive evaluation system, we assist users in confidently making the right investment decision both in the traditional and digital world.
The rising of blockchain and cryptocurrency
Blockchain Technology revolutionizes every aspect of our lives — significantly changing the way we utilize money.
Over a decade since the emergence of Bitcoin, cryptocurrency is now gaining popularity with over 420 million global crypto users as of 2023, according to Zippia’s report. Moreover, traditional institutions are now gradually accepting digital currency as normal assets due to the good signs as Governments around the world gradually improve cryptocurrency regulation and consider creating their digital assets (Called Central Bank Digital Currency). Although cryptocurrencies are not legal tender in some countries, their exchanges are still accepted with licenses required.
However, that doesn’t mean there are no obstacles.
Information is power, but too much information without clarification put people into the wrong decision. Moreover, despite the rise in cryptocurrency usage, the trust issue still takes place.
In this case, a reliable ranking and scoring system will prove their advantage in assisting users to make the right decision based on valuable information.
What solution that we bring to users?
Building Centic with the hope of companioning with customers on their investment journey, we provide individuals as well as organizations with a comprehensive and reliable ranking and scoring system that can:
- Systematically and intelligently tracking and ranking blockchain-related entities to simplify the decision-making process
- Providing various scoring services for individuals, protocols, and even traditional organizations to give a system of trust score.
Ranking system
The world of blockchain is immense thus investors will definitely find it difficult to decide what tokens to invest in or what projects they should put in their trust, and so on. In this case, we provide a ranking system that tracks, analyzes, and shows the performance of entire blockchain entities, such as wallets, protocols, tokens, etc.
The term “Performance” is not limited to the blockchain world but also contains social performance when we also rank projects and influencers based on key social metrics such as social engagement, social volume, social contributors, etc. In a market that strongly relies on community health, these social metrics will be super useful.
For example, assuming that you are the new one coming to the field, don’t know what projects are reliable, and what influencers are trustworthy. That’s when you come to our place. We will show you the top lists of projects or influencers based on multiple criteria. Moreover, there are various filter types so you can find the best one you need quickl, easily.
Scoring system
Besides ranking, we build a scoring system that contains reputation, credit score, etc. These scores are calculated based on current Finance scoring modeling (FICO Score), successful scoring and ranking (Page Rank) algorithms, and the AI method.
Since the majority of financial institutions and businesses rely more heavily on the borrower’s credit score, these scores are important in the lending market.
People, businesses, and even governments are required to maintain the best credit ratings possible in a world of financial imbalance where loans are increasingly important, particularly in light of the recent economic challenges. In this case, these rankings or scores may be given to different entities that want to borrow money to cover a deficit.
For instance, in case you want to lend money from a lending protocol, if your credit score is high, you will have more chances of lending money from lenders. This is understandable when people tend to give their money to reliable borrowers.
What differentiates Centic from others?
Thorough system focusing on the connection between blockchain entities
There are tons of entities in the blockchain space, and each of them connects to the other in many ways. For now, most of the ranking and scoring systems evaluate each entity independently and thus lead to misleading and unfulfilling performance. A particular case is that each wallet can be tracked and recorded on only one chain, BSC for example. Without knowing how this wallet interacts with others on different chains such as Ethereum or Fantom, they can never know if the owner is trustworthy or not.
This no longer exists in Centic.
With the application of cross-chain knowledge graph, AI, and Machine Learning, we take all entities and their connections into account. By doing that, our scoring and ranking system are much more authentic.
Thorough scoring system applying for both traditional finance and cryptocurrency.
As mentioned in the first place, traditional institutions are gradually jumping into the field of blockchain by integrating cryptocurrency factors into their services. The biggest obstacle to this combination is the trust issue. In this case, our services bridge the gap between traditional finance and cryptocurrency.
More specifically, in the long term, our scoring system will not be limited to the blockchain world. Instead, users can utilize cryptocurrency credit score reports for borrowing money from traditional banks.
